About

Bytecoin (BCN) is a decentralized cryptocurrency which offers fast transactions. Launched in 2012, Bytecoin is designed to be untraceable and has the added lure of facilitating international payments without fees. It takes around two minutes on average for a Bytecoin transaction to confirm. Upon launching, Bytecoin’s developers hoped the currency would attract enterprise use and it has been marketed as a business-ready solution. The currency uses a proof of work algorithm known as CryptoNight. At present, over 184 billion BCN are in existence. Bytecoin is available on a number of cryptocurrency exchanges including Poloniex and HitBTC. Bytecoin has proven to have real world applications in some unusual settings including Indian temples which accept the cryptocurrency as a form of donation. Most of the Bytecoin team hail from India, accounting for the currency’s limited success within the Asian country.